Absentee owners are individuals who own a property and leave it vacant for an extended period of time. These owners have several options, depending on the the type of property:
If the owners use the property as a personal vacation home one or more times a year, they can leave it vacant and only check up on it when the come to town. This has obvious problems and can result in the degradation of the property.
If the owners use the property as a personal vacation home one or more times a year, they can hire a reputable company to care for it. Common practice is weekly visits, to run the water and do visual inspections for leaks, mold, cracked windows, pests, etc. Doing so is a more proactive way to protect the property and prevents small problems from becoming bigger, more costly ones.
If the owners plan to use their property as a short term rental (like airBnB or VRBO), then they can hire a reputable company to ensure the property is fully utilized with the correct renters, collect money, answer any questions potential renters may have, fix problems in the home, maintain the exterior, clean inside after tenants leave and provide overall good customer service to the occupants so they will book again next year.
If the owners plan to renovate their property while they are out of state or out of town, they can hire a reputable home management business to keep an eye on the contractors to ensure services get done on time and according to contract. The best home management businesses provide weekly progress reports with pictures and videos so that the owner is completely in the loop when it comes to the renovation. And when a problem arises, the home management team are the front lines in coming up with solutions so the owners don't have to stress.
Obviously #1 is least desirable.
#2-4 (if the right licensed, insured and bonded company is chosen) can save an absentee owner time, money and stress.
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